Bank Of Baku

Azerbaijan sees rise in money supply

Azerbaijan sees rise in money supply
# 05 May 2014 08:28 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of April 1, 2014, M3 money supply made AZN 19,377 mln, up AZN 2,513.3 mln or 14.9% from previous year.

 

Central Bank of Azerbaijan says money supply rose AZN 103.4 mln or 0.6% in March.

 

Note that M3 Board includes cash out of banks, demand and term deposits.

 

As of April 1, the M2 Board of money supply rose AZN 2,327.4 mln or 16.9% to AZN 16,132.3 mln, as well as AZN 7.6 mln or 0.05% in March. 

 

Cashing level was equal to AZN 65.1%. 

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